Negative sentiment still weighs on 3i Groups' share price

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By Susan Bell Negative market sentiment will continue to weigh on venture capitalist 3I Gro...

By Susan Bell Negative market sentiment will continue to weigh on venture capitalist 3I Group's share price but the depressed prices for start-ups should prove a buying boon for the group which will shine through in 18 months, according to analysts at Dresdner Kleinwort Wasserstein. "Given the current environment 2001/2002 should see strong investment as asset prices fall and this bodes well for the long-term valuation," analyst Bill Barnard said in a report. Barnard has maintained a buy but has cut the fair value figure to £15.50 and dropped the current net asset value to 85...

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